Japan's April Leading Economic Index Preliminary Value

At a blockchain industry conference, experts discussed the concepts of "on-chain" and "in-chain," emphasizing the interconnection between the encryption financial market and the TradFi market. This is mainly achieved through stablecoins, ETFs, RWAs, and STOs, aiming to enhance asset liquidity and investment opportunities. The speech pointed out that Distributed Ledger technology helps improve business efficiency and innovation models, while also calling for adherence to compliance requirements to promote future development.

The Sub-sectors in RWA That Cannot Be Ignored: The Value, Exploration, and Practice of Fund Tokenization When we talk about RWA, we focus more on underlying assets such as US Treasury bonds, fixed income, and securities. In fact, currently, aside from stablecoins, the largest RWA project by asset scale is money market funds. The top three projects by asset scale are: Franklin Templeton: $312 million ( government bonds ); followed by Centrifuge: $247 million ( asset-backed ); and a certain trading platform: $183 million ( government bonds ). Franklin

Yeshara Tokens Limited has been admitted to the CMA Kenya Regulatory Sandbox to test its blockchain real estate tokenization platform for 12 months, adhering to various regulatory requirements. This marks a significant step in enhancing market participation through tokenization.

Background On July 29, 2025, the Hong Kong Monetary Authority ( HKMA ) released multiple guidelines and explanatory documents regarding the regulatory regime for stablecoin issuers, which will be officially implemented starting August 1, 2025. Two sets of guidelines will be published in the gazette on August 1, 2025. Summary of the consultation on the "Regulatory Guidelines for Licensed Stablecoin Issuers" and the guidelines themselves; Summary of the consultation and the guidelines "Guidelines on Combating Money Laundering and Terrorist Financing (Applicable to Licensed Stablecoin Issuers)"; Summary of the Licensing System for Stablecoin Issuers and Application Procedures. Summary of the Transitional Provisions for Existing Stablecoin Issuers These documents constitute the core regulatory components for the implementation of the Hong Kong stablecoin system: they include not only the summary notes related to licensing applications and regulatory transitions but also two documents surrounding the AML / CFT( framework.

Since the beginning of this year, stablecoins have become the absolute hotspot in the financial industry! On July 19, U.S. President Trump officially signed the "National Stablecoin Innovation and Regulatory Act (GENIUS Act)" (hereinafter referred to as the "Genius Act"), marking the first formal establishment of a regulatory framework for stablecoins in the United States. On July 29, the Hong Kong Monetary Authority released a series of documents regarding the regulatory framework for stablecoin issuers, which will take effect on August 1, 2025, providing specific guidelines for the regulation of stablecoin issuers. Recently, discussions surrounding the regulatory framework for stablecoins and their impact on the international monetary system have intensified. At the same time, driven by both policy and hot topics, the commercialization process of global stablecoins has clearly accelerated. So, what exactly is a stablecoin? How does it differ from central bank digital currencies (CBDC)? How should it be developed domestically? This article will briefly discuss these questions. The similarities and differences between fiat stablecoins and central bank digital currencies.